Housing association Peabody and partners Berkeley Group have completed 77 ‘affordable’ homes at 250 City Road in Islington.
Peabody will lease 314 ‘affordable’ homes from Berkeley, who led the construction of 933 new homes. This includes 132 social rent, 170 shared ownership and 14 supported living homes.
The 77 new homes make up the final social rented block in the development’s second phase and will be ready to move into in the coming weeks.
James McMylor, regional managing director for London North at Peabody, said: “Thanks to our partners at Berkeley, 77 much-needed new homes have been built for local people in Islington. And together, we’ve already delivered 135 of 312 affordable homes for local people of the highest quality.”
“250 City Road has so much to offer, and its fantastic location connects residents to the rest of London and beyond. Our new residents have already begun viewing homes and we’re looking forward to welcoming them in just a few weeks’ time.”
The new neighbourhood is based around a central plaza with cafes, restaurants and shops. Public art installations will be dotted throughout, the first of which is now in place by renowned sculptor Ian Rank-Broadley, who famously produced the sculpture of Princess Diana in Kensington Gardens.
The property has more than 1000 sqm of newly landscaped wi-fi enabled green spaces, while there will be an expansive green roof with views across the city.
The homes will be served by an on-site energy plant room, which will supply the entire neighbourhood efficiently while reducing energy waste and reducing carbon emissions.
Some 1,483 secure cycle stands have been installed across the scheme.
Brian McKenzie, divisional managing director of Berkeley North East London, added: “Berkeley is committed to delivering thriving communities, and to creating places suited to all lifestyles.
“250 City Road is an exceptional offering and we’re thrilled to include a significant proportion of affordable housing within this development.
“As well as providing an array of open space on site which mean residents can live, work and relax within the development, 250 City Road is just a few minutes’ walk from the global brands of Tech City and the dining, hospitality and retail opportunities of Old Street, Islington and Clerkenwell.”
